Alight Capital Management LP Purchases 25,000 Shares of Vishay Intertechnology, Inc. $VSH

Key Points

• Alight Capital Management LP increased its stake in Vishay Intertechnology, Inc. by 25%, now holding 125,000 shares, which makes up 0.9% of its portfolio.
• Vishay has faced a downgrade from a "hold" to a "sell" rating by Wall Street Zen, while the stock currently holds a consensus price target of $19.00.
• The company recently announced a quarterly dividend of $0.10 per share, with an annual yield of 2.7%, payable on September 25th.

Alight Capital Management LP increased its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 25.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the semiconductor company's stock after purchasing an additional 25,000 shares during the quarter. Vishay Intertechnology makes up about 0.9% of Alight Capital Management LP's portfolio, making the stock its 28th biggest position. Alight Capital Management LP owned approximately 0.09% of Vishay Intertechnology worth $1,988,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd lifted its position in Vishay Intertechnology by 10.5% in the 1st quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock valued at $193,000 after purchasing an additional 1,156 shares during the last quarter. National Bank of Canada FI grew its position in shares of Vishay Intertechnology by 10.1% during the 1st quarter. National Bank of Canada FI now owns 16,123 shares of the semiconductor company's stock worth $257,000 after buying an additional 1,479 shares during the period. CWM LLC lifted its stake in Vishay Intertechnology by 76.0% in the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after buying an additional 1,500 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Vishay Intertechnology by 1.2% during the first quarter. New York State Teachers Retirement System now owns 162,070 shares of the semiconductor company's stock worth $2,577,000 after buying an additional 2,000 shares during the last quarter. Finally, Ellevest Inc. increased its holdings in shares of Vishay Intertechnology by 15.9% in the fourth quarter. Ellevest Inc. now owns 14,897 shares of the semiconductor company's stock valued at $252,000 after purchasing an additional 2,046 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael J. Cody purchased 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of $16.12 per share, with a total value of $56,420.00. Following the acquisition, the director owned 60,169 shares of the company's stock, valued at $969,924.28. This trade represents a 6.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.32% of the stock is owned by company insiders.

Vishay Intertechnology Price Performance

Shares of VSH stock traded down $0.24 during trading hours on Monday, reaching $15.33. The company had a trading volume of 313,283 shares, compared to its average volume of 1,922,652. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $20.15. The stock has a fifty day moving average of $16.08 and a 200-day moving average of $15.23. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -23.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The company had revenue of $762.25 million for the quarter, compared to analyst estimates of $756.07 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Vishay Intertechnology's revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. Vishay Intertechnology's dividend payout ratio (DPR) is -61.54%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.00.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.